USDJPY Market Outlook | AlchemyFX Daily Telegram Breakdown

2019-11-14 09:22:17

USDJPY
UJ has been making consecutive higher highs and higher lows, which is currently why we are taking a long right now. I believe UJ is show signs of a higher low/morning star, and we will be riding UJ up to making a higher high. I have 3 targets in mind. We have been getting stopped at break even a bit more often the normal because the market hasn't been ideal for swing trading.
Target 1: 109.4 , Target 2: 110.00 , & Target 3: 111.00
We have multiple confluences that UJ is going to continue to climbing. I believe this is going to turn out to be a very good trade. Waiting to be about 30ish pips in profit before moving stop loss to entry.